BNET – A hedge fund Ponzi scheme scandal is breaking in the blogosphere – and it goes right to the top of political power.  A little while ago, blogger John Hempton, who writes Bronte Capital, a finance blog, started sniffing around Connecticut-based hedge fund Ponta Negra. 

Hempton didn’t like what he found. After legal threats from the fund’s lawyers, Hempton retreated until a court ordered a freeze on the assets of Ponta Negra fund manager Francesco Rusciano amid allegations he lied to investors to raise more than $30 million. After that, the blogger published his findings.

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Tags: 30-million, allegations, assets, blogger, blogosphere, connecticut, finance, hedge fund, hempton, investors, lawyers, legal threats, scandal